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Old 10-21-2022, 08:37 PM   #21
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I have a 1987 Trawler insured with Red Shield in Portland, OR
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Old 10-21-2022, 08:38 PM   #22
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Insurance companies can usually cancel a new policy within 30 days for just about any reason. I used to do inspections on homes, one of the inspections was for new policies. If I reported much of anything bad the policy would get cancelled. An aggressive dog, a trampoline, an unsecured pool or any such hazard. Most home owners never knew this inspection occurred since we didnít necessarily notify the home owner. If they saw us and asked we would explain but I really didnít want to waste the time so I would get in and get out as quickly as possible. Boat insurance is most likely the same.
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Old 10-21-2022, 10:39 PM   #23
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Arrow Following Up with more info...

Thanks for the thoughts/ideas/suggestions everyone.

One member asked about the money trail, and I paid the premium, it was accepted, and apparently Allstate are issuing me a refund.

Another asked about the Broker's take on this, and in all honesty he is almost as confused as I am. He is seeing if there is anything he can do.

That's all I know.

In earnest,
Newb out.
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Old 10-21-2022, 10:55 PM   #24
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Give Oversea Insurance Agency there in San Diego a shout. They are a marine insurance brokerage and will work to find you options. I’ve gone through them for years. The staff there is very helpful. (I have no association other than having used their services.)

Oversea Insurance Agency, Inc. ‚€“ Yacht Specialists
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Old 10-24-2022, 07:03 PM   #25
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Old boats can be a problem. Companies look at condition, age , your experience. Try chubb mine is a 1985 .
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Old 10-26-2022, 12:05 PM   #26
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I would avoid the agencies and underwriters that only write home, auto, motorcycle and the occasional RV policy. These 'marine' divisions are really setup for day boats/lake boats.

Find a multi-line agency that specializes in marine insurance and only carries lines that underwrite marine policies specifically.

Try these guys:

https://maritimeinsuranceinternational.com/

There are others out there.
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Old 10-26-2022, 01:00 PM   #27
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Would contact the company that “cancelled” you. Would ask the cancel the cancellation and rather send to a letter in print that they regret not continuing your policy due to they’re withdrawing from that market.
Then you could answer in the negative when asked if you ever had a policy cancelled. Otherwise would answer in the positive. A false statement on an application is not a wise thing to do.
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Old 10-26-2022, 01:23 PM   #28
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Would contact the company that “cancelled” you. Would ask the cancel the cancellation and rather send to a letter in print that they regret not continuing your policy due to they’re withdrawing from that market.
Then you could answer in the negative when asked if you ever had a policy cancelled. Otherwise would answer in the positive. A false statement on an application is not a wise thing to do.
This was part of my thinking when I commented previously. And with so many things being done by forms or online, and asking only "yes/no" questions, you're not presented with a way to say "no" and add "because someone else screwed up"

And then you're faced with if you had any other requirements of having valid insurance during this 'covered/not-covered' timeframe you could face penalties/problems. Granted, that's more an issue with auto insurance but could also be a factor if financing is involved. Finance folks tend to frown on assets going uninsured, especially if they've been told otherwise.
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Old 10-28-2022, 12:41 PM   #29
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I have a 1987 Trawler insured with Red Shield in Portland, OR
Our 1979 model is also covered by Red Shield.
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Old 10-28-2022, 12:51 PM   #30
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Give Oversea Insurance Agency there in San Diego a shout. They are a marine insurance brokerage and will work to find you options. Iíve gone through them for years. The staff there is very helpful. (I have no association other than having used their services.)

Oversea Insurance Agency, Inc. ‚Äď Yacht Specialists
I also use Oversea. Have for years. We have gone through probably 4 different insurance companies. When one cancels they find another one. My brother is in San Francisco and when his company cancelled him, I turned him on to Oversea. They are good.
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Old 10-28-2022, 01:22 PM   #31
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We have an 81 Universal Trawler insured by Boat US, I think they are now underwritten by Geico.
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Old 10-28-2022, 01:41 PM   #32
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On an older boat you have to have liability, oil spill, and marine salvage. Hull coverage is what you will have a problem with.
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Old 10-28-2022, 01:58 PM   #33
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Ive had three years coverage with Geico direct. I wonder if I will get cancelled though never a claim in 45 years. Just that I am west coast of Florida and Geico was creamed here by Ian.

I often think that the older boats get cancelled due to some correlation between age and propensity for liability claims, where the total premium doesn’t justify the risk exposure.
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Old 10-28-2022, 02:17 PM   #34
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Welcome Kayenne. I had Allstate for home auto and boat for 30 years. They would not cover my current 1979 trawler. I went with Boat US/Geico. I think you might try them.
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Old 10-28-2022, 02:23 PM   #35
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BoatUS/Geico say they wonít insure new policies on boats over 30 years old. They will keep existing policies. But Geico has gone crazy with some new underwriting policies lately. We dropped them and went to Markel through Peter at Novamar. Geico wouldnít up the value of our boat even though I had just put $60K+ into hard upgrades. Peter got Markel to up the value $70K without a survey. And the price was good too. Also the coverage with Markel was equal on all areas and better in some areas.
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Old 10-28-2022, 02:25 PM   #36
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I have a good friend who is a boat broker on the West Coast. More and more marine companies deciding that boats over 20 years old are not insurable, and in California and elsewhere, boats can't stay in marinas without insurance. But what is worse is that banks will no longer give mortgages on boats over 20 years old. We had a sale fail to close for just that reason. Wonderful boat, solid buyers with income, but a flat No from several banks. When they heard the age of the boat it was an automatic fail. I don't know whether the insurance companies are following the banks or vice versa, but it's a real problem for folks who own expensive, well-maintained boats that happen to be drinking age or above.
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Old 10-28-2022, 03:32 PM   #37
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Another recommendation for Red Shield. I have a 1971 wood Monk trawler. Our agent is Fathom Insurance in Seattle. Great rates, and most other marine insurance companies would not cover us due to boat age and wood.
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Old 10-28-2022, 03:43 PM   #38
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Insurance

Try progressive no survey 40k hull max, inexpensive and easy..better than nothingÖliability was not a issue..have 500k which is min to cover my umbrella policy..
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Old 10-28-2022, 05:02 PM   #39
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That is not uncommon, sadly. Expecially with Allstate. When I bought my thirty year old Cheoy Lee, I surprisingly got coverage through my car insurance company, Progressive. That was ten years ago, and it was an agreed amount policy. It was a pittance compared to how much I put into the boat ($20k vs. $170k). But you will need liability insurance for staying at any marina I know. Good luck.
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Old 10-28-2022, 05:08 PM   #40
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But you will need liability insurance for staying at any marina I know. Good luck.
And many marinas are now 'requiring' being added as a named beneficiary to the policies. I've yet to look into the legitimacy of such things.
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